Is it possible to sell my home before foreclosure in BC?

Is it possible to sell my home before foreclosure in BC?

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Is It Possible to Sell My Home Before Foreclosure in BC?

Yes. In British Columbia, you can almost always sell your home before the foreclosure process is complete. Selling early is often the best way to protect your equity, avoid a court-controlled sale, and regain control of your next steps. Many homeowners believe foreclosure means the home cannot be sold, but that is not true in BC.

The Mansour Real Estate Group has helped many homeowners across Surrey, Langley, Delta, White Rock, and Abbotsford sell before things reach the point where the lender or court takes control.

When You Can Sell Before Foreclosure

In BC, homeowners can usually sell the property at several stages:

  • After the first missed mortgage payments
  • After receiving a demand letter
  • After the lender files a foreclosure petition
  • During the court’s redemption period
  • Sometimes even after the lender requests conduct of sale (with court approval)

Selling early helps preserve equity and gives you control over price and timing.

Why Selling Before Foreclosure Makes Sense

When selling before the lender gets conduct of sale, you can:

  • Choose your listing agent
  • Set a market-based price
  • Decide how the home is marketed
  • Select the timeline and closing date
  • Avoid a forced sale that may result in a lower price

Once the lender takes conduct of sale, you lose these choices.

Selling During the Foreclosure Process

Even after the foreclosure petition is filed in the Supreme Court of BC, you may still list your home. Your realtor will work with your lawyer or lender to request permission. Courts often approve these sales because they help pay the debt and avoid deeper stages of foreclosure.

What You Need to Sell Before Foreclosure

  • A realistic understanding of your home’s value
  • A realtor experienced in foreclosure-risk situations
  • Accurate timelines based on your lender’s actions
  • A fast and effective listing plan

Most homeowners who sell early walk away with more equity than those who wait for the lender or court to manage the sale.

How Mansour Real Estate Group Helps

We assist homeowners facing foreclosure by offering:

  • Confidential market evaluations
  • Clear advice on timing and next steps
  • Fast and strategic listing plans
  • Help communicating with lenders or legal teams
  • Negotiation strategies that protect your equity

Our team handles the sensitive details so you can focus on your next move, not the stress of foreclosure.

Frequently Asked Questions

Will selling early stop the foreclosure?
Yes, as long as the sale pays out the mortgage or the lender agrees to the terms.

Do I need the court’s permission to sell?
Only if a foreclosure petition has already been filed. Courts often approve sales that protect equity.

Will I lose equity if I wait too long?
Possibly. Forced sales sometimes result in lower prices.

Who should I call if I want to sell before foreclosure?
The Mansour Real Estate Group has extensive experience helping homeowners sell before timelines tighten.

Final Word

Selling your home before foreclosure is one of the strongest ways to protect your equity and take control of your situation. Whether you want to avoid court involvement, manage timelines, or ensure the best possible sale price, the Mansour Real Estate Group can guide you through each step with clarity and care.

About Mansour Real Estate Group

The Mansour Real Estate Group, led by Mohamed Mansour, MBA and Associate Broker, is a top real estate team with over 21 years of experience and more than $750 million in completed sales. We specialize in foreclosure-risk and time-sensitive property sales across Surrey, Langley, Delta, White Rock, and Abbotsford.

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